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U.S. Metals and Mining Industry Analysis

UpdatedJul 17, 2025
DataAggregated Company Financials
Companies250
  • 7D-0.2%
  • 3M15.0%
  • 1Y6.1%
  • YTD25.0%

Last week, the Metals and Mining industry hasn't moved much but MP Materials is up 95% in that time. As for the the longer term, the industry is up 6.1% over the past 12 months. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the U.S. Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 17 Jul 2025US$466.8bUS$241.1bUS$18.0b22.2x25.9x1.9x
Sat, 14 Jun 2025US$460.1bUS$259.2bUS$17.8b21.2x25.8x1.8x
Mon, 12 May 2025US$431.5bUS$259.1bUS$17.9b20.6x24.1x1.7x
Wed, 09 Apr 2025US$376.0bUS$262.9bUS$16.8b17.8x22.3x1.4x
Fri, 07 Mar 2025US$414.6bUS$263.3bUS$17.2b21.4x24.1x1.6x
Sun, 02 Feb 2025US$406.0bUS$261.8bUS$11.5b18.7x35.3x1.6x
Tue, 31 Dec 2024US$390.3bUS$265.9bUS$12.5b15.3x31.2x1.5x
Thu, 28 Nov 2024US$441.2bUS$266.1bUS$12.4b19.1x35.5x1.7x
Sat, 26 Oct 2024US$459.1bUS$269.1bUS$11.3b15.4x40.8x1.7x
Mon, 23 Sep 2024US$444.2bUS$267.4bUS$11.3b13.6x39.2x1.7x
Wed, 21 Aug 2024US$439.9bUS$267.2bUS$11.5b13.4x38.3x1.6x
Fri, 19 Jul 2024US$458.5bUS$266.2bUS$12.5b14.1x36.7x1.7x
Sun, 16 Jun 2024US$424.9bUS$266.6bUS$13.1b14.1x32.6x1.6x
Tue, 14 May 2024US$461.1bUS$266.9bUS$13.0b13.4x35.3x1.7x
Thu, 11 Apr 2024US$463.1bUS$266.2bUS$15.7b14.3x29.6x1.7x
Sat, 09 Mar 2024US$399.0bUS$266.7bUS$16.0b13.9x25x1.5x
Mon, 05 Feb 2024US$389.2bUS$276.0bUS$18.2b16.2x21.4x1.4x
Wed, 03 Jan 2024US$407.7bUS$278.4bUS$19.5b17.8x20.9x1.5x
Fri, 01 Dec 2023US$376.5bUS$283.4bUS$20.1b14.9x18.8x1.3x
Sun, 29 Oct 2023US$305.7bUS$268.2bUS$22.2b11.6x13.8x1.1x
Tue, 26 Sep 2023US$347.0bUS$279.0bUS$21.3b12.2x16.3x1.2x
Thu, 24 Aug 2023US$356.4bUS$276.5bUS$21.7b13.7x16.4x1.3x
Sat, 22 Jul 2023US$362.9bUS$281.8bUS$24.0b13.5x15.1x1.3x
Mon, 19 Jun 2023US$347.8bUS$285.0bUS$26.3b12.4x13.2x1.2x
Wed, 17 May 2023US$330.6bUS$284.8bUS$26.3b11.7x12.6x1.2x
Fri, 14 Apr 2023US$373.0bUS$293.4bUS$30.7b11.5x12.1x1.3x
Sun, 12 Mar 2023US$348.2bUS$293.2bUS$31.0b8.6x11.2x1.2x
Tue, 07 Feb 2023US$373.0bUS$295.5bUS$35.5b7.8x10.5x1.3x
Thu, 05 Jan 2023US$334.7bUS$298.2bUS$37.9b6.5x8.8x1.1x
Sat, 03 Dec 2022US$343.6bUS$298.1bUS$38.0b6x9x1.2x
Mon, 31 Oct 2022US$293.4bUS$297.1bUS$38.7b6.8x7.6x1x
Wed, 28 Sep 2022US$254.0bUS$296.2bUS$44.4b6.3x5.7x0.9x
Fri, 26 Aug 2022US$305.8bUS$296.8bUS$44.5b7.2x6.9x1x
Sun, 24 Jul 2022US$282.5bUS$288.5bUS$43.5b7.4x6.5x1x
Price to Earnings Ratio

6.5x


Total Market Cap: US$282.5bTotal Earnings: US$43.5bTotal Revenue: US$288.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 21.6x202320242025
Current Industry PE
  • Investors are optimistic on the American Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 25.9x which is higher than its 3-year average PE of 21.6x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 25% per year over the last three years,
  • Revenues have also declined 5.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Materials industry?

US Market-0.086%
Materials-2.03%
Metals and Mining-0.23%
Diversified Metals and Mining38.65%
Precious Metals and Minerals11.08%
Silver4.95%
Gold0.14%
Steel-1.47%
Copper-3.36%
Aluminum-5.79%
Industry PE
  • Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 19.8% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 60% over the next 5 years.
  • This is better than its past earnings growth rate of 2.5% per year.
  • In contrast, the Gold industry is expected to see its earnings grow by 7.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MP MP MaterialsUS$58.5595.0%
+US$4.7b		287.5%PS44.3x
AEM Agnico Eagle MinesUS$119.711.7%
+US$1.0b		58.6%PE25.5x
TMC TMC the metalsUS$7.6822.5%
+US$538.4m		456.5%PE-37.9x
METC Ramaco ResourcesUS$21.3968.4%
+US$475.4m		39.6%PS1.9x
USAR USA Rare EarthUS$14.2645.7%
+US$423.3m		34.2%PE44.1x

Latest News

MP
US$58.55
MP Materials
7D
95.0%
1Y
287.5%
TMC
US$7.68
TMC the metals
7D
22.5%
1Y
456.5%
STLD
US$127.47
Steel Dynamics
7D
-6.3%
1Y
-2.0%

Returns On Capital At Steel Dynamics (NASDAQ:STLD) Have Stalled

Jul 16
Returns On Capital At Steel Dynamics (NASDAQ:STLD) Have Stalled
NEM
US$58.45
Newmont
7D
-0.5%
1Y
21.1%
SCCO
US$96.66
Southern Copper
7D
-3.3%
1Y
-9.5%

Southern Copper (NYSE:SCCO) Is Investing Its Capital With Increasing Efficiency

Jul 13
Southern Copper (NYSE:SCCO) Is Investing Its Capital With Increasing Efficiency
FCX
US$43.98
Freeport-McMoRan
7D
-3.5%
1Y
-9.3%
USAR
US$14.26
USA Rare Earth
7D
45.7%
1Y
34.2%
BGL
US$19.29
Blue Gold
7D
-48.3%
1Y
69.5%
UAMY
US$3.74
United States Antimony
7D
65.5%
1Y
1,071.1%
METC
US$21.39
Ramaco Resources
7D
68.4%
1Y
39.6%
AA
US$28.56
Alcoa
7D
-9.5%
1Y
-19.9%
IE
US$11.40
Ivanhoe Electric
7D
18.9%
1Y
-0.9%
NUE
US$137.79
Nucor
7D
-1.4%
1Y
-16.0%
AU
US$47.12
AngloGold Ashanti
7D
1.3%
1Y
64.6%

AngloGold Ashanti: Jurisdiction Risk Is The Name Of The Game

Jun 30
TX
US$30.88
Ternium
7D
-4.3%
1Y
-15.4%

Ternium (NYSE:TX) Could Be Struggling To Allocate Capital

Jun 27
Ternium (NYSE:TX) Could Be Struggling To Allocate Capital
AEM
US$119.71
Agnico Eagle Mines
7D
1.7%
1Y
58.6%

Agnico Eagle Mines (NYSE:AEM) Is Paying Out A Dividend Of $0.40

Jun 18
Agnico Eagle Mines (NYSE:AEM) Is Paying Out A Dividend Of $0.40